Sandro Wealth Management LLC Invests $1.79 Million in The Home Depot, Inc. $HD

Key Points

• Sandro Wealth Management opened a new position in The Home Depot, buying 5,201 shares worth about $1.79 million in Q4, making HD roughly 1.5% of the firm's holdings and its 23rd largest position.
• Analysts hold a consensus "Moderate Buy" on HD with an average price target of $414.17, versus the stock's recent opening around $324, implying notable upside potential.
• Home Depot beat Q4 EPS estimates ($2.72 vs. $2.52) and revenue ($38.20B vs. $38.01B) despite revenue being down 3.8% YoY, and raised its quarterly dividend to $2.33 (annualized $9.32, ~2.9% yield).

Sandro Wealth Management LLC bought a new position in The Home Depot, Inc. (NYSE:HD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,201 shares of the home improvement retailer's stock, valued at approximately $1,790,000. Home Depot makes up about 1.5% of Sandro Wealth Management LLC's holdings, making the stock its 23rd largest holding.

A number of other hedge funds have also modified their holdings of HD. Brighton Jones LLC raised its holdings in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer's stock worth $10,471,000 after buying an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Home Depot by 7.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer's stock valued at $952,000 after purchasing an additional 173 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in Home Depot by 14.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer's stock valued at $4,248,000 after purchasing an additional 1,433 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Home Depot during the 2nd quarter valued at $1,773,000. Finally, Financial Advisors Network Inc. increased its holdings in Home Depot by 11.3% during the 2nd quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer's stock valued at $868,000 after purchasing an additional 241 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HD. Telsey Advisory Group reaffirmed an "outperform" rating and set a $435.00 price target on shares of Home Depot in a report on Wednesday, March 25th. Sanford C. Bernstein raised their price target on Home Depot from $381.00 to $390.00 and gave the company a "market perform" rating in a report on Wednesday, February 25th. Daiwa Securities Group raised their price target on Home Depot from $360.00 to $390.00 and gave the company a "neutral" rating in a report on Thursday, February 26th. Zacks Research raised Home Depot from a "strong sell" rating to a "hold" rating in a report on Monday, February 9th. Finally, Piper Sandler dropped their price target on Home Depot from $441.00 to $422.00 and set an "overweight" rating for the company in a report on Monday, February 23rd. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $414.17.

Insider Activity at Home Depot

In other news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company's stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

Home Depot Stock Down 1.4%

NYSE HD opened at $324.22 on Friday. The stock has a fifty day moving average of $343.27 and a 200-day moving average of $359.36. The stock has a market capitalization of $322.93 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 3.59 and a beta of 1.09. The Home Depot, Inc. has a 52 week low of $315.31 and a 52 week high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.52 by $0.20. The company had revenue of $38.20 billion during the quarter, compared to analysts' expectations of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business's revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the firm earned $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, equities research analysts forecast that The Home Depot, Inc. will post 15.03 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $2.33 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.30. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 2.9%. Home Depot's payout ratio is 65.50%.

Home Depot Company Profile

The Home Depot, Inc NYSE: HD is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot's core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

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